Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following is not true of limited partnership?
Every member is a limited partner
All members are general partners
All members are limited liability
There is at least one ordinary partner
Limited and ordinary members must be equal in number
Correct answer is D
No explanation has been provided for this answer.
A partnership is formed for banking business is made up of?
2 - 10 members
2 -20members
2 - 30 members
2 - 40 members
2 - 50 members
Correct answer is A
No explanation has been provided for this answer.
insurance company
insurance company's client
insurance broker
insurance agent
insurance manager
Correct answer is B
No explanation has been provided for this answer.
Under the law of insurance, exemption causes?
enable the insurance to claim on the insurance company
protect the insurance company under the contract
guard against occurrence of the insured events
protect a third party under the contract
protect the insured against the insurance company
Correct answer is B
No explanation has been provided for this answer.
The worth of a life insurance policy be maturity date is known as?
principal value
surrender value
accumulated value
prepaid value
accrued value
Correct answer is B
No explanation has been provided for this answer.